The economy of Turkey has an Economic Complexity Index (ECI) of 0.176 making it the 52nd most complex country. Turkey exports 389 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).
Turkey’s top 10 exports accounted for three-fifths (60.9%) of the overall value of its global shipments. The iron and steel metals category was the fastest-growing among Turkey’s top 10 export categories via its 40.6% increase from 2017 to 2018. Lagging in second place were actual exported goods made from iron or steel, up 16.9%.
After experiencing an economic boom during 2002-2007, Turkey’s economy took a beating in 2008, following the global financial meltdown. One of the major issues that the country is facing is the declining exports to European countries. Turkey’s trade, exports and imports were hit badly in the year 2008, when the trade deficit stood at -31%.
The Ministry of Commerce holds the authority to issue the list of prohibited and restricted imports into Turkey. This list is regulated by the Imports Communique issued on December 31, 2016.
Turkey - Import Requirements and DocumentationTurkey - Import Requirements Includes import documentation and other requirements for both the U.S. exporter and foreign importer.
This page provides the latest reported value for - Turkey Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Exports - actual data, historical chart and calendar of releases - was last updated on June of 2019.
Top Turkey Exports. Top Turkey Imports. Top Turkey Imports from the World. In 2018, Turkey bought US$223 billion worth of imported products down by -7.9% since 2014 and down by -4.6% from 2017 to 2018. Top 10 Turkish Imports from Russia. Russia's exports to Turkey amounted to.
Turkey imported US$223 billion worth of goods from around the globe in 2018, down by -7.9% since 2014 and down by -4.6% from 2017 to 2018. Turkish imports represent 1.3% of total global imports which totaled an estimated $17.788 trillion one year earlier as calculated on January 21, 2019.
The economy of Turkey is defined as an emerging market economy by the IMF. Turkey is among the world's developed countries according to the CIA World Factbook. Turkey is also defined by economists and political scientists as one of the world's newly industrialized countries.
Imports to Turkey plunged 15.1 percent from a year earlier to USD 17.5 billion in April 2019. Purchases of intermediate goods, which accounted for 80.2 percent of total imports, declined 9.8 percent; and those of capital and consumption goods slumped 25.9 percent and 37.8 percent, respectively.